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🇮🇳 India's Crypto Report Is Headed to Parliament During the Monsoon Session.
The Finance Panel has backed an SRO and called for VDA classification clarity and a framework for tokenized securities and investment products.
Numbers:
↳ 119M users — Chainalysis No.1 for 3 years.
↳ $340B annual transactions — around 9% of GDP.
Committee:
"The UAE, Hong Kong, and Japan are issuing licenses - how can India ignore it?"
RBI: "Crypto is risky." Same stance since 2013.
No ban - but a move toward structure.
The report could make the direction clear.
Source: Moneycontrol | CryptoTimes